Insurers set to mop up Rs 12K cr via IPOs

Even as a spate of regulatory changes on unit-linked life insurance products (Ulips) have dampened equity investment plans by life insurance companies this financial year, at least 6-7 life insurers - out of 22 companies - are getting ready to mop up around Rs 12,000-15,000 crore from the market through initial public offerings (IPOs). According to industry estimates, the life insurance industry that invested more than Rs 100,000 crore in equity markets last year is unsure of how much money will flow into Ulips this year. For private life insurance companies that saw turbulent times in 2009-10, the equity investments ...

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